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Clayton Utz advises one client on string of mega deals

Clayton Utz advises one client on string of mega deals

Sometimes one client is just enough. Law firm Clayton Utz has seen an onslaught of deals from a highly active client undertaking a string a million dollar deals.

SOMETIMES one client is just enough. Law firm Clayton Utz has seen an onslaught of deals from a highly active client undertaking a string a million dollar deals.

The firm has announced it is advising Hong Kong based Noble Group in relation to its acquistion of a $58.8 million stake in Aston Resources and the long-term coal off-take agreement from Aston’s Maules Creek mine.

Earlier this month, the firm advised Noble on the sale of its interest in the Middlemount Joint Venture to Gloucester Coal Limited.

That deal saw Gloucester plan to pay Noble A$437.5m, comprising $337.5m in cash and the issue of a $100 million worth of new Gloucester shares.

The firm is also representing Noble in relation to its takeover bid for Gloucester, which was announced in April.

The Clayton Utz team acting for Noble on the acquisition includes energy and resources partners Stuart MacGregor and Rory Moriarty, and equity capital markets practice head Stuart Byrne.

A similar team worked on the Middlemount joint venture, with the addition of Karen Evans-Cullen and David Landy.

Aston Resources' listing is expected to raise approximately A$400 million.


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